Is some certain lifestyle a waste of money and time ?

[tjtonmoy]

Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.

I think people shouldn't spend more than what is needed. Those who does will suffer in the long run in their life. But then again, it's totally personal preference. One's daily lifestyle could be someone's lifelong dream. One may spend thousands of dollars in one night, and one could survive 2–3 months with that money. If they can afford it, then they are ok with it. But if you don't feel comfortable with it, then you should avoid it. It's all about finding what works best for you and your priorities. If they are ok with spending their money like this then to them, it's not a waste. But for those who can't afford it could seem like a waste.
But it is important for everyone to maintain a healthy routine and strategy while spending money.
And to answer your 2nd question, I don't have many friends, so I don't go to such gatherings more often. If it's occasionally, and one time thing in between few months, then I will spend some money from my side. But it is unlikely to happen because all of us lives in different areas and because of work, study and many other things, we don't meet up frequently.

[Russlenat]

If that's what they can afford to spend, maybe they're not all dependent on their monthly salary and they've got something else as a source of their money.
Because if you do gatherings most often, that's certainly hitting their budget and incomes but if it doesn't look affecting much to them then that's nothing to worry about.
But such a lifestyle shouldn't be copied by you or by anyone here, we all know how tough life is these days and we need to be frugal with how we spend our hard-earned money. Yes, it's fine to celebrate occasionally but you don't have to be showy to your friends or relatives just to be said that you're elegant or sort of a rich person. Most rich people are even living frugally and only spend on things that truly matter to them and not on fancy dinners and celebrations.

I guess let’s say if they have other passive income, celebrating it 4x a week is still too much and will definitely leave them broke in the long run. Even rich people would never do that often, especially for those who own businesses as money is more important to invest rather than to be used in celebration. However, people have different views and preferences in life. If that’s the way they’ll enjoy life, then so be it. But take note OP that you are never obliged to adopt your friends habit and just live your life on what you think is suitable for you.

[Synchronice]

Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.

Where I live, it's very cheap to get buzz and snacks. Personally, I don't drink because I prefer to stay big and lean at the same time every year + have more serious plans around it, so, I stick to my diet and rarely drink or take something unhealthy like chips and chocolate stuff. So, yeah, I miss drinking and some fun with my friends but that's the way I chose.
By the way, that lifestyle is not a waste of money and time if you can afford it. I mean, if I am a millionaire, famous, successful person, then why not to have fun all the time when possible? What's the point of having money if you can't spend it? What's the point of life if you can't be happy? But to achieve that lifestyle, one needs big luck, opportunities, a lot of work, etc.

[TheGreatPython]

Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.

I wouldn't call it a waste of time since it probably is the time when all of you are free from work and stuff, but it obviously is a huge waste of money if you ask me. Having small get-togethers every day isn't an issue if it's not costing anyone any significant amount of money, you can just meet somewhere, have coffee or tea, or even a beer if you want, but having dine-outs with heavy drinking in about 4 days out of the week is excessive.

Such a lifestyle is obviously a huge waste of money, and shouldn't be followed by anyone at all, even you. I understand that they are your friends, but as you said, you all are family men, so you can easily ask them to excuse you whenever you want by saying that your family needs you more. Joining them once or twice in a couple of weeks shouldn't be a problem, but not every time they do it.

[Pujangga]

Lifestyle certainly affects mindset and also money, when we have a healthy and good lifestyle it will form a mindset in life, but never have a luxurious lifestyle that we cannot reach because it will make us regret and of course a lot of debt, it's better be reasonable and appropriate.

[TribalBob]

gathering with friends of relatives is good, but looking at the financial condition before the gathering is better, if for every boast I feel something that is a permanent waste, try making cross payments to friends/relatives when gathering so you can save your money for more goals Good ,
being in a circle of people who like to drink is really not good because one moment you will definitely get carried away in the circle because one moment there will definitely be a feeling of wanting to try
limiting oneself by reducing gatherings is better
multiply friends who bring positive aura so that life will be more positive and finances will be fine

remember lifestyle will always be there and always make us feel dissatisfied, it will always be less and less, never enough

[19Nov16]

Many people want a lifestyle to follow the trend that is happening, of course this makes our expenses increase, but as long as we can control our expenses and lifestyle, of course it doesn't matter, especially if this lifestyle makes us more confident and allows us to more productive.

[AmoreJaz]

gathering with friends of relatives is good, but looking at the financial condition before the gathering is better, if for every boast I feel something that is a permanent waste, try making cross payments to friends/relatives when gathering so you can save your money for more goals Good ,
being in a circle of people who like to drink is really not good because one moment you will definitely get carried away in the circle because one moment there will definitely be a feeling of wanting to try
limiting oneself by reducing gatherings is better
multiply friends who bring positive aura so that life will be more positive and finances will be fine

remember lifestyle will always be there and always make us feel dissatisfied, it will always be less and less, never enough

some lifestyle is really a waste of your resources. not only like these social gatherings but just like buying luxury items. but for those people, it seems a need for them. for most of us, we can see it as a waste of money and time. well, we have our own preferences in life. just let them live what they feel is important. so long you know your priorities, just mind your own business. we can't dictate someone else to do what we deem is important. they have their own disposition in life.

[isaac_clarke22]

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I got few colleagues who are like spending a lot in their coffee considering that I work around a busy area and one of those areas where cost of living is not really something that you would encounter commonly. I usually refuse those kinds of invitation for a coffee although I really love coffee. I am totally just fine in just brewing my own coffee at work and at home.

OP you might get peer pressured at one point to spend, and you should know already how to spend your money wisely at that situation.

[Paul Pogba]

Nowadays most people are connected to social media, when they see influencers who carry out extravagant lifestyles, it's usually easy for us to follow, but we must remember that the risk when following a lifestyle is to make our finances wasteful, and it's best to leave an extravagant lifestyle and excessive.

[Adbitco]

The truth must be told, using myself as a case study, whenever I noticed such gathering will consumed much funds from me then I will have to stay back because I can't afford to spend such and I have family to take good care of and I won't engaged myself with such activities.
Secondly I am not a drinking type and even when they tried pulling me out I will go but without spending much time with them this doesn't mean all the bills will be channelled to me, but I can only raise some certain amount for them before I take my leave but not necessarily mean all bill will be impose to me.

[boyptc]

Nowadays most people are connected to social media, when they see influencers who carry out extravagant lifestyles, it's usually easy for us to follow, but we must remember that the risk when following a lifestyle is to make our finances wasteful, and it's best to leave an extravagant lifestyle and excessive.

While a normal person thinks that it's okay to live extravagantly because they see how others are doing it without thinking if they're able to do and sustain it.

I do not mind if others are wasting their time, youth and money with nonsense stuff. But I'll never need the approval of other people just for me to get satisfied.

I know what I am doing and how to satisfy myself and that's to be future proof with things that I am doing now. What they're doing are just for temporary fun, if you know what I mean that we should prepare for our future and be ready for delaying gratification, you know what's best for you.

[mindrust]

You are describing an addiction here. People get addicted to various things during their life. Sex, alcohol, gambling, smoking, drugs, gaming… just to name a few. Any of these activities can become a problem when you overdo it. So let’s say you have so much money and you don’t have to work anymore. You can buy whatever you want… If you decide to do drugs and do lots of them every day… what would happen to you? Your body would be ruined. What if you decide to play playstation everyday? Same thing happens…

What about eating from the McDonald’s every day? Your whole body will explode. Yep eating shit is a legit addiction as well. I probably named every shitty addiction above. Anything I missed?

[Baoo]

Nowadays most people are connected to social media, when they see influencers who carry out extravagant lifestyles, it's usually easy for us to follow, but we must remember that the risk when following a lifestyle is to make our finances wasteful, and it's best to leave an extravagant lifestyle and excessive.

You are totally right. Sadly, everyone is following each other, that’s one of the negative or terrible effects of social media apps ( like, Facebook, Instagram and snapchat) , they be spending a lot of bucks on useless stuff just to flex on people. In facts, influencers are a bunch of manipulators , hypocritical and fake except few. it would be better if you isolate yourself from this category.

Otherwise, it is unfortunate that majority of people are not investing in themselves. They literally share the same negative traits such as, greed ,lack of knowledge, arrogance and selfishness Plus, they wasting a lot time on trivial things specifically on social media. In my opinion, It is always better to learn how to be productive in life and use your skills and knowledge intelligently in useful ways.

[bangjoe]

snip
. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.

I think it's a good decision to stay poor and live a life full of regrets in old age, although basically it's great fun to do that kind of thing to appear richer and in recognition of the other theme of having money that can be spent at will.
It is not natural to use 1/5 of your income and do it 4 times a week, I don't think there is a need for a mathematical calculation, we can also easily guess that it will make your credit card minus.
I have the same case, namely invitations to hang out or have good meals at expensive restaurants and others almost every day, but I prefer to be aware of important needs and the ability to make money in one month, I don't want to torture myself with a hedonistic environment like that.

Many people want a lifestyle to follow the trend that is happening, of course this makes our expenses increase, but as long as we can control our expenses and lifestyle, of course it doesn't matter, especially if this lifestyle makes us more confident and allows us to more productive.

Many people force themselves to follow a lifestyle that causes them to be depressed. I really understand what people who force it really want, namely to be considered capable and need respect from their environment. This is what causes some people to force themselves even though they have income. small one.
Of course, this kind of mindset will cause you to be in debt until you reach old age, where you can't get any more money because your working age is no longer included in the required working age standard.
It doesn't matter if your income is many times what you spend or in.

[Vaculin]

 You know whatever event that you will spend above your means is always a waste of money, especially if after that event people will become unproductive and might eventually lost from their right mindset. So just a friendly advice, never adopt what your friends are doing, they will only regret it later on. Instead, focus on your family, though you might still join them in their drinking habit but make sure only in an occasional manner. Otherwise, you will also be left broke if you also adhere to their almost daily drinking session.

[serjent05]

Anything that is spent aside from our basic needs that do not produce an income or give many benefits is a waste of money.  One of which is preparing too much food during meal time that the excess food often ends up on a trash bin.  Another thing is buying expensive items that can be replaced by a cheaper one in terms of their functionality and durability.

You know whatever event that you will spend above your means is always a waste of money,

Not only that, even if it is within you means if there is an alternative that is way cheaper and brings same functions and durability, it is considered waste of money.

[Fivestar4everMVP]

From my own personal experience, anyone can be friends with any one but it is not a must to follow their lifestyle if it is not suitable for you, I've had friends who smoke and drink and lived all manner of lifestyle, but I never joined them to smoke, though I joined them to drink sometimes, but stopped drinking after I got married to my wife, and when it looked like they were dragging me down, I had to leave them, I relocated with my family to a different town and lost their contact .

You don't have to allow friends influence your life negatively, if they are going to drag you down and frustrate your efforts towards achieving a better life for yourself and your family, then leave such friends, they are not friends but enemies who disguise themselves as friends.

[romero121]

People should self analyse and understand what is necessary for them and what is not. Just for the society we should not live. Nowadays most of the people live for the society and keeps changing the lifestyle. One need to have his/her own lifestyle than following someone else. It is not wrong, but what we take from a person is there. We should take the good out of a person than the spending one does to show him high profiled.

Some have an understanding that lifestyle will bring opportunities, I'm not sure about it, but things could happen positive in someone's life. For the same we shouldn't prioritise lifestyle over the knowledge we've got on specific industry.

[Ngewex Yuk]

Sometimes there are people who always think about lifestyle, they want to look more dynamic and follow the trend, of course this is tiring because it makes us have to waste money and time, it's better to live in moderation and moderation so you never think about other people's lifestyles.